Navin Fluorine International, one of India’s leading manufacturers of specialty fluorochemicals, witnessed a sharp rally on Friday, with its shares soaring 17.3% in intraday trade to hit a new all-time high of ₹5,839. The surge followed the release of its September quarter results, which significantly outperformed market expectations.

The strong earnings helped the stock break its six-day losing streak, while several analysts raised their target prices in response to the company’s robust financial performance.

Navin Fluorine reported revenue of ₹758 crore for Q2, registering a 46% year-on-year and 5% sequential increase, supported by strong business momentum across all segments. The company also reported healthy margin expansion, aided by improved operating efficiencies and favourable product mix.

Breaking down performance by division, the High-Performance Products (HPP) segment recorded 38% YoY growth, generating ₹404 crore, supported by higher volumes and better price realisations. The Specialty Chemicals division delivered a 39% YoY increase with revenue of ₹219 crore, driven by continued demand traction. The Contract Development and Manufacturing Organisation (CDMO) business stood out as the fastest-growing vertical, soaring 98% YoY to ₹134 crore, underscoring increasing global outsourcing demand for fluorochem-based molecules.

With broad-based growth and improving profitability, Navin Fluorine’s strong quarterly performance has boosted investor confidence and strengthened expectations for sustained earnings momentum in the coming quarters.